They pulled a boardroom coup and ousted the founders.
That is exactly how NJ got Corizine. His board of directors fired his a$$. He was the founder of Bear Sterns and he was acting dumber than a box of rocks.
If you ever want to read an example of how irrational he acted after the firing, look it up on the web. He was/is nuttier than a walnut grove.
Interesting that he was only fit for politics after that. I didn’t know that about Corzine, but I’ll look it up.
Having dealt with customers in business and politics, it seems that if you can’t run a company, you run a government instead. A variation on ‘If you can’t do, teach’.